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Fire sale continues: Ford cuts stake in Mazda
Tue, 18 Nov 2008By Tim Pollard Motor Industry 18 November 2008 16:09 Yesterday GM sold its stake in Suzuki; today Ford announced plans to slash its shareholding in Mazda. Previously the Blue Oval held a third of Mazda’s stock, but it has cut that to just 13%. Ford admitted the sale was purely to boost its balance sheet, as the Big Three continue to struggle with cashflow.
Chinese Grand Prix (2011) RESULT
Sun, 17 Apr 2011Chinese Grand Prix 2011 We described last week’s Malaysian Grand Prix as not exactly being Lewis Hamilton’s day. What a difference a week makes. Despite making the grid with just 35 seconds to spare after his car developed a fuel leak in the pit garage, Lewis was on the money from the off, following team mate Jenson Button past pole-sitter Vettel to run in second place, and ahead of Vettel in third.
Audi shifts to eight-speeds for most models
Wed, 12 May 2010A formal press conference probably won't happen until this summer, but we hear that Audi dealers have received their 2011 order guides, and it looks as though the company will be going from 0 to about 70 percent of U.S. sales being eight-speed automatic transmissions. Beginning this fall, the eight-speed will replace today's six-speed automatic in the A4 2.0-liter turbo sedan and wagon, the A5 2.0-liter turbo coupe and cabriolet, the Q5 2.0-liter turbo, the Q7 3.0-liter turbo, the Q7 diesel, the Q7 with the 3.0-liter supercharged V6 and the all-new A8 and A8L with the 4.2-liter V8.